Planergy Software

MARCH 29, 2022

Critical data is displayed in meaningful, insightful ways to help business leaders make informed business decisions such as forecasting, planning, analysis, risk management, strategic sourcing, operational complexcity reductions, and anti-fraud monitoring — to name a few. download a free copy of our guide.

Analytics 52

Analytics Accounting Finance Strategic Sourcing 52

Obobo

DECEMBER 17, 2021

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.

Strategic Sourcing 52

Strategic Sourcing Finance Software Out-Tasking 52

Planergy Software

MARCH 24, 2022

Implement a Supplier Management System Using technology and the power of Automation in your purchasing process can help improve efficiency while minimizing communication issues. It also involves risk management, supplier relationship management (SRM), and contract management. Download PDF. Related Posts.

Management 52

Management Insurance Supply Chain Management Right-Sizing 52

Obobo

MARCH 21, 2023

In this article, we’ll look at what Procurement teams need to understand about savings so that they can identify every possible opportunity for their organization. Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategic sourcing process.

Finance 45

Finance Strategic Sourcing Software Reduced Costs 45

Planergy Software

APRIL 19, 2022

On the surface, aligning with operations makes sense, since procurement involves strategic sourcing of everything from the materials, and equipment needed to operate the business, to contract management. You’ll also be subscribed to our email newsletter and notified about new articles or if have something interesting to share.

Finance 52

Finance Accounting Out-Tasking Manufacturing 52

Planergy Software

JANUARY 20, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. To keep consumers happy, your procurement team should closely evaluate all third-party vendors for risks and supply chain vulnerabilities. Supply chain and risk management has forever changed as a result.

Supply Chain Management 52

Supply Chain Management Manufacturing Sourcing Retail 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Planergy Software

SEPTEMBER 12, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Increased Efficiency: Optimizing Processes and Communication Vertical integration enables companies to streamline processes and improve communication between different stages of production.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52